Many have differing opinions when it comes to trading, but one thing that’s agreeably important is the entry. When your entry is good, your chance of success goes up astronomically. The better the entry you make, the more profit you’ll make, simple. Trade exit is still important and should be taken advantage of, but it’s […]

Most dream of being a Forex only trader, however reality usually doesn’t pay them the kindness they hope for, but how much of the average trader’s income is from Forex trading? Most Forex traders only spend 1-2 hours working each day and rarely ever need to worry about their financial situation. All of their compensation […]

Even your worst trade can help you become a better and savvier trader. When you force yourself at a later time, to recall the emotions you felt when you made a bad deal, you can prevent yourself from repeating the same mistake. Identifying these behaviors can also help keep you from picking up any bad […]

An important part of building your portfolio is to focus on the actual process and not the trade results. At every odd or end of the market is a human, even the computers are run by people in a building somewhere. So a logical and analytical approach isn’t always a good one. In fact, this […]

Can a money management strategy really be more important to your trades than a trade entry strategy? Managing your money in the trading world is first done with starting a trading plan. You’ll also have to manage your risk in your trade. An important factor is determining where you’ll put your Stop loss. Key Takeaways: […]

Learn what you can do to gain back a trade you originally let slip by. This has certainly happened to us at one point or another and it is definitely annoying. First, it’s important to understand the concept of price action signals. You’ll also want to keep your eyes open for second chance trading opportunities. […]

Is risk management really now something to worry about when trading? Well, it’s actually one of the most important things and can even be a total game changer in your trade career. The more risk, the more your potential reward is. Risk is not a one size fits all concept, either. The point of risk […]

Trading can become overcomplicated if you let it, in most cases leading to self sabotage. Trying to keep things simple may not be as easy as you think as inexperienced traders try to find better ways if at first they don’t succeed. Stick to what is useful and needed, and try to stay in one […]

Defining Forex trends can be very difficult, but for peace of mind it is important to be able to track the trends in order to know when to trade safely. FxPM software allows you to look at many different timeframes quickly and easily and get plenty of information on trends. Key Takeaways: Trading with the […]

Have you ever wanted to dabble in the stock market. Even knowledgeable traders can have a hard time making money. There are steps you can take to control your trading destiny and to make money. For example, you can organize your trading journal. It will help you get structure. As with any business or job, […]